A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, March 3, 2024

Calls for debt relief for world’s poorest nations

More than 100 global organisations are calling for debt payments of developing countries to be dropped this year.

These countries include the world’s poorest economies which are struggling with the impacts of coronavirus.

Major charities including Oxfam and ActionAid International are asking for the debt relief, which would free up more than $25bn (£20bn) this year.

They have written to world leaders and major central banks calling for a range of debt relief measures.

The call is being spearheaded by UK-based charity Jubilee Debt Campaign and comes a day before a meeting of the G20 group of the world’s largest and fastest-growing economies.

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